Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) Shares Pass Above 50 Day Moving Average of $0.00

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund (NYSEAMERICAN:EAD) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $0.00 and traded as high as $6.41. Wells Fargo Advantage Funds – Allspring Income Opportunities Fund shares last traded at $6.39, with a volume of 135,333 shares.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Stock Performance

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Friday, April 12th will be given a $0.0517 dividend. This is a positive change from Wells Fargo Advantage Funds – Allspring Income Opportunities Fund’s previous monthly dividend of $0.05. This represents a $0.62 annualized dividend and a dividend yield of 9.72%. The ex-dividend date of this dividend is Thursday, April 11th.

Institutional Trading of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund

A number of hedge funds and other institutional investors have recently modified their holdings of EAD. AQR Arbitrage LLC increased its position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 213.5% during the third quarter. AQR Arbitrage LLC now owns 478,611 shares of the closed-end fund’s stock worth $2,920,000 after acquiring an additional 325,952 shares during the last quarter. Advisor Partners II LLC purchased a new stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the third quarter worth about $701,000. Wolverine Asset Management LLC increased its position in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 53.5% during the third quarter. Wolverine Asset Management LLC now owns 202,124 shares of the closed-end fund’s stock worth $1,233,000 after acquiring an additional 70,486 shares during the last quarter. PFG Investments LLC purchased a new stake in shares of Wells Fargo Advantage Funds – Allspring Income Opportunities Fund during the first quarter worth about $351,000. Finally, UBS Group AG grew its stake in Wells Fargo Advantage Funds – Allspring Income Opportunities Fund by 3.6% in the third quarter. UBS Group AG now owns 336,704 shares of the closed-end fund’s stock worth $2,054,000 after purchasing an additional 11,807 shares in the last quarter.

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund Company Profile

Wells Fargo Advantage Funds – Allspring Income Opportunities Fund is a closed-ended fixed income mutual fund launched and managed by Wells Fargo Funds Management, LLC. It is co-managed by Wells Capital Management Incorporated. The fund invests in the fixed income markets of the United States. It primarily invests in below investment grade debt securities, high-yield debt securities, loans and preferred stocks rated Ba or lower by Moody's Investors Service, Inc or BB or lower by Standard & Poor's Ratings Group.